Small Business Reading Room

Tuesday, March 18, 2008

Delaware's business-friendly environment looks good next to new Maryland Tax

Every business owner knows how important the bottom line is. A new tax burden placed on the small businesses of a State can force them to stop and take a look around. Some of our neighbors in Maryland are now taking a new look at Delaware for that very reason.

Small business owners in Maryland fear that a new sales tax on the computer services industry may drive their clients somewhere else. According to a recent article published at Delawareonline, some of those same business owners are themselves thinking that the grass just might be greener in the First State.

And why shouldn’t they?

Delaware has no sales tax and a low gross receipts tax. Last year, for the third year in a row, Delaware was ranked as ninth most business-friendly state by the Tax Foundation, a nonprofit, nonpartisan watchdog of government taxation. Maryland? They ranked 24th. You can review the full report on State Business Tax Climates online for yourself.

Top all of that off with The Delaware Court of Chancery, which has a reputation in the business community as the nation's preeminent business court, and it's easy to understand why Delaware is the #1 destination for corporate formations in the country.

It looks like we may soon be building a reputation as a refuge for existing business looking to cash in on the advantages Delaware has to offer too.

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    Delaware Intercorp, Inc.
    113 Barksdale Professional center
    Newark, DE 19711-3258

    "For all the best reasons to incorporate,the best place
    is Delaware and the best incorporator is
    Delaware Intercorp!"

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